Xu Jiayin s last straw is now completely lost

Mondo Health Updated on 2024-02-01

This day, after all, still came; Xu Jiayin's last straw is now completely lost.

Just now, there is big news in Hong Kong, the judge of the court announced that China Evergrande's debt restructuring plan is not progressing, the company is insolvent, and officially ordered Evergrande to be liquidated. The winding-up order in Hong Kong means bankruptcy liquidation, which means that Evergrande's last hope, the hope of restructuring its debts, has also been dashed;

The next step is that the court enters the bankruptcy liquidation stage, and Evergrande officially enters bankruptcy.

Evergrande's formal bankruptcy liquidation also means that the largest debt bankruptcy record in Hong Kong's capital market has been refreshed. According to the court's information, the size of the liability is as high as 24 trillion yuan; Although in order to postpone the liquidation, many investors have repeatedly stated that they are ready to prepare a new debt restructuring plan; However, it has so far had little effect, and due to the slow progress of the debt restructuring plan, Evergrande was finally ordered to be liquidated by the court.

Evergrande's winding-up order is of far-reaching significance.

It not only broke the record of the largest debtor company in Hong Kong's capital market, but also closely related to Evergrande's domestic and foreign investors.

Of course, thousands of friends who have bought Evergrande off-plan houses but the houses are unfinished are very concerned. Some people are scolding Xu Jiayin today, some people are asking everywhere on the Internet today, what should I do with my house, and some people are asking how much money can I get back?

Things have already happened, and no matter how much they are discussed, they don't mean much.

Let's talk about a few of the things that everyone is most concerned about:

The interests of the common people come first. Even if Evergrande goes bankrupt, the next step in ensuring the delivery of the building is the first priority.

and has priority over all creditors; Regardless of whether you are a creditor at home or abroad, several levels of creditors must be ranked behind the guaranteed delivery building. This is the protection of the entire property market, but also the protection of the property of the people at the bottom. I will show you a document, the announcement of the Supreme People's Court of the People's Republic of China in April 2023, the latest document on the protection of the rights of consumers of commercial housing.

1. The document points out that in the country, home buyers have the statutory "super priority" in accordance with the law. 2. The document is clearWhere a consumer of a commercial house purchases a house for the purpose of residence and has paid the full price, and claims that his right to claim for the delivery of the house has priority over the right to be repaid for the price of the construction project, the right to mortgage, and other creditor's rights, the people's court shall support it。3. The Supreme People's Court also pointed outIn the case that the house cannot be delivered and there is no possibility of actual delivery, the people's court shall support the claim of the consumer of the commercial housing that the right to claim for the return of the price has priority over the priority right to repayment of the price of the construction project, the mortgage right and other creditor's rights。4. To sum up, after bankruptcy, whether it is the money obtained from the land auction, or the money from the auction settlement of Evergrande assets, cash, patents, technologies and other assets, the people who have bought off-plan houses, unfinished houses, and houses that have not yet been delivered are the first priority.

To put it simply, the guaranteed delivery building ranks first, and after the delivery of the building is completed; It will be the turn of other creditors. 5. After protecting the interests of all buyers, the next order should be to pay, settle the workers, and pay the merchants. Finally, it is the turn of other creditors at home and abroad. 6. Many people may lose all their money and return to poverty overnight.

In addition to the guarantee of delivery, it is the most secure; All other creditors are likely to lose their wealth. For example, in March 2023, China Evergrande announced a debt restructuring plan, which mentioned that if Evergrande does not succeed in debt restructuring, it will enter bankruptcy liquidation;

According to the estimated equity of different groups of creditors, it is expected to get back up to 934% of the principal, the lowest is only 205% principal.

100 yuan can get back 2 yuan.

This means that many investors and creditors may fall back into poverty overnight.

7. Evergrande Real Estate, Evergrande Life, Evergrande Wealth, Evergrande Automobile; Xu Jiayin's four hopes for turning over have all fallen now.

On September 15 last year, Evergrande Life took the lead in falling, and the announcement of the State Financial Supervision and Administration showed that Evergrande Life was officially taken over by Harbour Life.

Just one day later, Evergrande's fortune also fell.

The Shenzhen Public Security Bureau announced that the executives of Evergrande Wealth were formally arrested; Criminal coercive measures are taken. Evergrande Life Insurance and Evergrande Wealth are the two biggest "money bags" in Xu Jiayin's hands.

On September 28, Xu Jiayin and his second son were officially arrested.

Evergrande Real Estate is not to mention, it is the one with the most debts. Then after getting rid of the two more money bags; Only the last Evergrande car remains. This is Xu Jiayin, the last hope to turn over. However, Evergrande Auto burned out 50 billion in cash; The listed Hengchi Automobile has only sold a few hundred, and an average car is equivalent to burning 100 million.

This is also **, a trick to deceive people, naturally it can't escape the scrutiny of Skynet.

On January 8 this year, Liu Yongzhuo, president of Evergrande Automobile, was also arrested on suspicion of violating the law and committing crimes.

In addition, today's Hong Kong court announced that it would issue a "winding-up order" for China Evergrande, a listed company.

Since then, the four life-saving straws have all fallen.

Xu Jiayin can be regarded as a real and complete finish; Immortals can't save it. Write at the end:After watching everything that happened, it was really embarrassing. Evergrande, which used to be a trillion-dollar empire, has a glamorous appearance, who would have thought that it would be so dirty on the inside; In just a few years, it can collapse with a bang. Sure enough, when the tide receded, I realized who was swimming naked.

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